Your Real Estate Professional:
Bob Filene
May 2021
Real
617-877-7816
bob@bobfilene.com
www.bobfilene-realestate.com


April Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low rate environment. Freddie Mac research suggests that lower income and minority homeowners have been less likely to engage in the refinance market. Low and declining mortgage rates provide these homeowners the opportunity to reduce their monthly payment and improve their financial position."

• 30-year fixed-rate mortgage (FRM) averaged 2.97 percent with an average 0.7 points for the week ending April 22, 2021, down from last month when it averaged 3.17 percent. A year ago, at this time, the 30-year FRM averaged 3.33 percent.

• 15-year FRM this week averaged 2.29 percent with an average 0.6 points, down from last month when it averaged 2.45 percent. A year ago, at this time, the 15-year FRM averaged 2.86 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week with an average 0.3 points, down from last month when it averaged 2.84 percent. A year ago, at this time, the 5-year ARM averaged 3.28 percent.



Bob Filene, REALTOR CBR e-PRO
E-mail: bob@bobfilene.com
Website: http://www.bobfilene-realestate.com
Contact Number: 617-877-7816
Coldwell Banker Realty
(617) 877-7816
1000 Mass. Ave.
Cambridge, MA 02138


Equal Housing Opportunity

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